The Corporate Commonwealth

The Corporate Commonwealth traces the evolution of corporations during the English Renaissance and explores the many types of corporations that once flourished. Along the way, the book offers important insights into our own definitions of fiction, politics, and value. Henry S. Turner uses the resources of economic and political history, literary analysis, and political philosophy to demonstrate how a number of English institutions with corporate associations—including universities, guilds, towns and cities, and religious groups—were gradually narrowed to the commercial, for-profit corporation we know today, and how the joint-stock corporation, in turn, became both a template for the modern state and a political force that the state could no longer contain. Through innovative readings of works by Thomas More, William Shakespeare, Francis Bacon, and Thomas Hobbes, among others, Turner tracks the corporation from the courts to the stage, from commonwealth to colony, and from the object of utopian fiction to the subject of tragic violence. A provocative look at the corporation’s peculiar character as both an institution and a person, The Corporate Commonwealth uses the past to suggest ways in which today’s corporations might be refashioned into a source of progressive and collective public action.

At a time when the standing and status of corporations is much in the news, this study of the early modern history of the concept of the corporation is particularly timely. Henry S. Turner provides a new account of early modern political institutions and political concepts by turning to the history of the corporation as a type of notional person and as a way of organizing collective life. Universities, guilds, towns and cities, religious confraternities, joint-stock companies: all were legal corporations, and all enjoyed rights and freedoms that sometimes exceeded the authority of the State. Drawing on the resources of economic and colonial history, literary criticism, law, political philosophy, and the history of science, Turner reads works by Thomas More, William Shakespeare, Francis Bacon, and Thomas Hobbes, among many others, to find the resources for a new account of corporations as fictional bodies and persons endowed with identities, rights, and the capacity for action. Turner tackles a number of fascinating questions: How did early modern writers make sense of the paradoxical essence of the corporationa collectivity at once imaginary and material, coherent but unbounded, many and at the same time one? And what can the history of the corporation tell us about the history of our own moment, when public goods are increasingly privatized and citizens seek new models of association and meaningful political action? His answers will be of compelling interest to historians, political theorists, literary scholars, and others."

A panoramic survey of the interactions between American business and public policy, from J.P. Morgan to Lee Iacocca.

Corporate governance initiatives have been developing at a rapid pace in the Commonwealth Caribbean through legislation, case law and codes. Commonwealth Caribbean Corporate Governance offers an overview of current practice and legal developments in corporate governance, highlighting the interpretation of the legislation through case law and the codes of corporate governance which have now been implemented. It also considers the challenges which emerging markets face in an attempt to adopt the corporate governance initiatives of developed markets. This text explores the emergence and development of corporate governance in the region from a range of angles, including the protection and empowerment of shareholders, the impact on government agencies, and the role and responsibilities of directors and officers in companies and in government agencies. Written by a panel of academics, legal practitioners and experts working in business, this book will be an invaluable resource for judges, lawyers, corporate executives and students of business, corporate law and corporate management.

This book is a compendium of contributions from accomplished authors, which examines how Commonwealth member states have achieved a degree of consensus in developing and promoting standards of corporate governance both in the public and the private sectors and how they are tackling the problem of corruption.

In the last twenty five years, company law in the Commonwealth Caribbean has undergone dramatic changes, from a model influenced by English law to a new, harmonised collection of regional legislation based on the Caricom and CLI model Acts that vary substantially across Caricom member states. The variation within Caribbean company law presents an enormous challenge, both in terms of the breadth of the subject and in addressing the difference in provisions of one state’s Company Law Act as opposed to another. Using the Caricom model Act and CLI model Act as a basis for its structure, Commonwealth Caribbean Company Law examines and compares regional implementation of company law in an accessible and comprehensive manner that will be invaluable to students and practitioners in the region.

AT&T's divestiture was the largest corporate reorganization in history and has had international repercussions. It was a major development in American economic policy, and a prominent part of the deregulation movement of the late 1970s. This study reveals the internal decision-making process at AT&T and explains how private and public interests combined to shape corporate and public policy in late 20th-century America. Temin weaves the strands of politics, economics, business, and law into an accessible narrative history that will be of interest to the general reader who wants to know about government business interaction and how it affects American citizens. Temin portrays divestiture as a great experiment in public policy, competition, openness, and international policy. He concludes that the experiment has been a mix of deliberate design and uncontrollable forces whose outcome was not foreseen.